Cambridge Office For Tourism Inc
- Assets
- $560.1k
- Revenue
- $584.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Cambridge, MA
- Founding
- 08/1995
- Data as of
- 06/2021
- EIN
- 04-3242219
Organization Overview
Cambridge Office For Tourism Inc is located in Cambridge, MA. The organization was established in 1995. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Cambridge Office For Tourism Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge Office For Tourism Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Cambridge Office For Tourism Inc generated $584.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $404.1k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ALL DESTINATION MARKETING, PUBLIC RELATIONS, AND VISITOR SERVICES FOR THE CITY OF CAMBRIDGE, MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPOINTED TO CITY MANAGER'S SMALL BUSINESS ADVISORY COMMITTEE- WORKED WITH CITY OF CAMBRIDGE TO MANAGE THE PROJECT NEIGHBOR CAMPAIGN TO RESTORE ECONOMIC BALANCE FOR SMALL BUSINESS- WORKED WITH CAMBRIDGE CHAMBER TO DEVELOP AND EXECUTE THE #CAMBRIDGETOGETHER CAMPAIGN- SERVED ON TOURISM, ECONOMIC DEVELOPMENT, ARTS COMMITTEE TO DISCOVER AND IMPLEMENT CROSS PROMOTION SMALL BUSINESSES IN CAMBRIDGE
SUCCESSFULLY PURSUED ADDITIONAL FUNDING SOURCES THROUGH LEGISLATION EFFORTS WITH GR. BOSTON CONVENTION AND VISITOR'S BUREAU - SERVED ON ADVOCACY, GOVERNANCE AND STEERING COMMITTEES TO PASS GROUND-BREAKING LEGISLATION THAT WILL ENABLE THE ESTABLISHMENT FOR A BOSTON-CAMBRIDGE TOURISM DESTINATION MARKETING DISTRICT (BCTDMD)- WORKED DILIGENTLY WITH CITY MANAGER'S OFFICE TO SUCCESSFULLY OBTAIN APPROVAL WITH CAMBRIDGE CITY COUNCIL
INCREASED PRESENCE IN THE COMMUNITY THROUGH PARTICIPATION ON VARIOUS BOARD AND COMMITTEES - CAMBRIDGE CHAMBER OF COMMERCE - EXECUTIVE FINANACE COMMITTEE - CHAIR, NOMINATING COMMITTEE - VICE CHAIR, CHAMBER BOARD - GREATER BOSTON CONVENTION AND VISITORS BUREAU BOARD - NOMINATING COMMITTEE - BCTDMD (SEE ABOVE) STEERING AND GOVERNANCE COMMITTEES - TOURISM, ECONOMIC DEV, ARTS (TEA): NEW COMMITTEE ESTABLISHED TO COLLABORATE EFFORTS AND TO CROSS-MARKET EVENTS BETWEEN DEPARTMENTS/AGENCIESINCREASED OUR OFFICE PRESENCE - MOVED THE TOURISM ADMINISTRATIVE OFFICE INTO NEW PERMANENT LOCATION IN HARVARD SQUARE - RESUMED RENOVATION EFFORTS WITH THE CITY OF CAMBRIDGE FOR A NEW INFORMATION CENTER IN THE HEART OF HARVARD SQUARE - HIRED A NEW FULL-TIME STAFF PERSON WHO WILL OVERSEE THE RENOVATION EFFORTS AND OPERATION OF THE INFO CENTER
INCREASED OUR OFFICE PRESENCE - MOVED THE TOURISM ADMINISTRATIVE OFFICE INTO NEW PERMANENT LOCATION IN HARVARD SQUARE- RESUMED RENOVATION EFFORTS WITH THE CITY OF CAMBRIDGE FOR A NEW INFORMATION CENTER IN THE HEART OF HARVARD SQUARE- HIRED A NEW FULL-TIME STAFF PERSON WHO WILL OVERSEE THE RENOVATION EFFORTS AND OPERATION OF THE INFO CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn Culbertson Treasurer | OfficerTrustee | 40 | $110,514 |
Breanna Caires Clerk | OfficerTrustee | 1 | $57,473 |
Thomas J Lucey President | OfficerTrustee | 1 | $0 |
Holly Heslop Vice President | OfficerTrustee | 1 | $0 |
Richard Carbone Director | Trustee | 1 | $0 |
Joe Capalbo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $582,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $582,000 |
| Total Program Service Revenue | $0 |
| Investment income | $2,214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $584,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $188,078 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,911 |
| Pension plan accruals and contributions | $4,617 |
| Other employee benefits | $0 |
| Payroll taxes | $15,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,808 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,765 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,558 |
| Travel | $3,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,183 |
| Insurance | $2,593 |
| All other expenses | $26,455 |
| Total functional expenses | $404,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,587 |
| Savings and temporary cash investments | $472,691 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,059 |
| Prepaid expenses and deferred charges | $5,192 |
| Net Land, buildings, and equipment | $31,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $560,080 |
| Accounts payable and accrued expenses | $13,829 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,829 |
| Net assets without donor restrictions | $546,251 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $560,080 |
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